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3 BIG Spore banks ....:)) Post Reply Rate topic
CheeryVGoh Supreme	06-Mar-2024 21:42        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Lim & Tan , 6th March 2024 Looking ahead into FY2024, while profi ts are expected to remain fl aƫ sh at around $10billion, dividend is expected to rise to an equivalent to $2.38/share (including the 10% bonus shares), translating to an attractive yield of 7.12% at its last traded price of $33.40. Including the potential 9.1% upside to consensus target price of $36.44, total expected return is still a decent 16.22% for FY2024. Maintain Accumulate for DBS.
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FATABA Supreme	06-Mar-2024 14:39        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	ALL 3 banks are powering up .......time the funds start to reverse after accumulating sufficient from the retail or what LOL  DYODD aragosta      ( Date: 06-Mar-2024 13:57) Posted: --- Post Removed by User ---
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CheeryVGoh Supreme	28-Feb-2024 16:07        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I reckon is Knee Jerk. Good for collecting div.   FATABA      ( Date: 28-Feb-2024 15:57) Posted: Right on the mark ...supported 1290/1300 area.    At 1.1X and yield of over 6% .....I think there are not many A class stock like this .  DYODD vested.  CheeryVGoh      ( Date: 28-Feb-2024 15:51) Posted: Lim & Tan : At $13.31, OCBC is capitalized at $60 billion and trades at undemanding valuations of 8x PE, 6.2% dividend yield and 1.1x price to book ratio. While the lower than expected performance and challenging outlook given by management could see a knee jerk sell off in OCBC shares, we would " Accumulate on Weakness" as we believe that its attractive valuations and attractive yield coupled with consensus target price of $14.20 should see buying support near the $12.90-$13.00 level.
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FATABA Supreme	28-Feb-2024 15:57        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Right on the mark ...supported 1290/1300 area.    At 1.1X and yield of over 6% .....I think there are not many A class stock like this .  DYODD vested.  CheeryVGoh      ( Date: 28-Feb-2024 15:51) Posted: Lim & Tan : At $13.31, OCBC is capitalized at $60 billion and trades at undemanding valuations of 8x PE, 6.2% dividend yield and 1.1x price to book ratio. While the lower than expected performance and challenging outlook given by management could see a knee jerk sell off in OCBC shares, we would " Accumulate on Weakness" as we believe that its attractive valuations and attractive yield coupled with consensus target price of $14.20 should see buying support near the $12.90-$13.00 level.
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CheeryVGoh Supreme	28-Feb-2024 15:51        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Lim & Tan : At $13.31, OCBC is capitalized at $60 billion and trades at undemanding valuations of 8x PE, 6.2% dividend yield and 1.1x price to book ratio. While the lower than expected performance and challenging outlook given by management could see a knee jerk sell off in OCBC shares, we would " Accumulate on Weakness" as we believe that its attractive valuations and attractive yield coupled with consensus target price of $14.20 should see buying support near the $12.90-$13.00 level.
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CheeryVGoh Supreme	28-Feb-2024 13:51        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	You are accurate on OCBC' s dividend. You asid likly to be 0.42. Echoes      ( Date: 28-Feb-2024 09:41) Posted: OK since all 3 reported lets take stock of the div yields based on current share price : DBS  $1.92 / $33.50 = 5.73% UOB  $1.70 / $28.25 = 6.02% OCBC $0.82 / $13  = 6.31%  However pls note that for DBS ,with the upcoming 10 to 1 bonus issue and a more or less " assured" dividen payment of $2.16  based on the enlarged share pool for FY2024 , it will be the most attractive in terms of dividen yields .
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RL16EGG Veteran	28-Feb-2024 13:19        RL16EGG About Contact  Quote this Post!
x 0   x 0  Alert Admin	On y-y 3 banks have done well. ocbc like uob missed one quarter and kena dumped. Its noteworthy that ocbc p/b is around 1.1 with nav jumped from 11.28 to 11.77 q-q. With UOB as a benchmark, at least another -30c to go lol. Waiting at 12.6 to add.
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FATABA Supreme	28-Feb-2024 10        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Still the correction is within expectation ......not a titanic lah .  Longer term let see how it will perform  chubbybastard      ( Date: 28-Feb-2024 09:57) Posted: This sank like the titanic FATABA      ( Date: 28-Feb-2024 08:50) Posted: OCBC&rsquo s 4Q2023 results met our expectations with net profit of S$1.62bn vs our estimate of S$1.63bn. It came from fee income growth of 16% YoY to S$460mn lifted by higher wealth, credit card and trade-related fees offset by stable net interest income of S$2.46bn (+3% YoY) as net interest margin fell 2bps YoY to 2.29%. Total non-interest income grew 25% YoY to S$811mn, mainly from higher fee income, higher trading income and improved investment performance, which offset lower insurance income. Furthermore, total allowances were lower at S$187mn (-41% YoY) as both GPs and SPs dipped. 4Q23 dividend is up to 42 cents (4Q22: 40 cents), total FY23 dividend at 82 cents (+21% YoY) representing a dividend payout ratio of 53% and a dividend yield of ~6.2%. More details to follow after 9.30am analyst briefing.  42c final is honestly ok considering total of 82c which is 21% YOY .  however I guess mkt will capitalise on this to accumulate .  Hope I am wrong . DYODD
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chubbybastard Member	28-Feb-2024 09:57        chubbybastard About Contact  Quote this Post!
x 0   x 0  Alert Admin	This sank like the titanic FATABA      ( Date: 28-Feb-2024 08:50) Posted: OCBC&rsquo s 4Q2023 results met our expectations with net profit of S$1.62bn vs our estimate of S$1.63bn. It came from fee income growth of 16% YoY to S$460mn lifted by higher wealth, credit card and trade-related fees offset by stable net interest income of S$2.46bn (+3% YoY) as net interest margin fell 2bps YoY to 2.29%. Total non-interest income grew 25% YoY to S$811mn, mainly from higher fee income, higher trading income and improved investment performance, which offset lower insurance income. Furthermore, total allowances were lower at S$187mn (-41% YoY) as both GPs and SPs dipped. 4Q23 dividend is up to 42 cents (4Q22: 40 cents), total FY23 dividend at 82 cents (+21% YoY) representing a dividend payout ratio of 53% and a dividend yield of ~6.2%. More details to follow after 9.30am analyst briefing.  42c final is honestly ok considering total of 82c which is 21% YOY .  however I guess mkt will capitalise on this to accumulate .  Hope I am wrong . DYODD
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FATABA Supreme	28-Feb-2024 09:42        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	All 3 banks give good results ...OCBC $7B profit and dividend yield of over 6% is envy of many others .....honey to some funds.  However, I guess DBS did make a great move ....not just the commitment of higher dividend ....also a 10% 10:1 bonus issue  reallu adding honey to the coffee. Imagine funds carrying this stock will have 10% added to their pro by April/May and by then  collecting Q1 dividend . ( DBS CEO really have a smart move. )  Whatever, I see much movement of all 3 Banks closer to their XD and where ALL3 will be releasing their Q1 estimate.  DYODD  Happy investing.
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Echoes Senior	28-Feb-2024 09:41        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	OK since all 3 reported lets take stock of the div yields based on current share price : DBS  $1.92 / $33.50 = 5.73% UOB  $1.70 / $28.25 = 6.02% OCBC $0.82 / $13  = 6.31%  However pls note that for DBS ,with the upcoming 10 to 1 bonus issue and a more or less " assured" dividen payment of $2.16  based on the enlarged share pool for FY2024 , it will be the most attractive in terms of dividen yields .
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Echoes Senior	28-Feb-2024 09:32        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lol I was wrong give 42 also dump .  Echoes      ( Date: 23-Feb-2024 12:58) Posted: I think if OCBC give 40cts ( ie same as interim ) investors will also dump it like UOB . Need to give 42 for neutral reaction and 45 above for positive reaction .  Just my 2 cts .   RL16EGG      ( Date: 23-Feb-2024 12:13) Posted: I  hope ocbc dun miss the eps 0.39 too much and hold dividend at 40c (total 80c fy23). Else, better stand by -60c at least lol.
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FATABA Supreme	28-Feb-2024 08:50        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OCBC&rsquo s 4Q2023 results met our expectations with net profit of S$1.62bn vs our estimate of S$1.63bn. It came from fee income growth of 16% YoY to S$460mn lifted by higher wealth, credit card and trade-related fees offset by stable net interest income of S$2.46bn (+3% YoY) as net interest margin fell 2bps YoY to 2.29%. Total non-interest income grew 25% YoY to S$811mn, mainly from higher fee income, higher trading income and improved investment performance, which offset lower insurance income. Furthermore, total allowances were lower at S$187mn (-41% YoY) as both GPs and SPs dipped. 4Q23 dividend is up to 42 cents (4Q22: 40 cents), total FY23 dividend at 82 cents (+21% YoY) representing a dividend payout ratio of 53% and a dividend yield of ~6.2%. More details to follow after 9.30am analyst briefing.  42c final is honestly ok considering total of 82c which is 21% YOY .  however I guess mkt will capitalise on this to accumulate .  Hope I am wrong . DYODD
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RL16EGG Veteran	23-Feb-2024 18:24        RL16EGG About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sekali ocbc beats eps target to 0.40 and give dividend 0.41 come feb 28 haha. Anyway, investors should get ready for -60 to -80c drop.   FATABA      ( Date: 23-Feb-2024 13:20) Posted: Honestly at 40c mean annually 80c and at 50% payout  EPS still possible .  Stretch it to 85c would really b demanding .  A lot depend also on GE earnings. (its MTM numbers etc )  Nver know .....if Helen is willing to put it to 55/60% payout then shld be no problem  DYODD Echoes      ( Date: 23-Feb-2024 12:58) Posted: I think if OCBC give 40cts ( ie same as interim ) investors will also dump it like UOB . Need to give 42 for neutral reaction and 45 above for positive reaction .  Just my 2 cts .
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FATABA Supreme	23-Feb-2024 13:20        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Honestly at 40c mean annually 80c and at 50% payout  EPS still possible .  Stretch it to 85c would really b demanding .  A lot depend also on GE earnings. (its MTM numbers etc )  Nver know .....if Helen is willing to put it to 55/60% payout then shld be no problem  DYODD Echoes      ( Date: 23-Feb-2024 12:58) Posted: I think if OCBC give 40cts ( ie same as interim ) investors will also dump it like UOB . Need to give 42 for neutral reaction and 45 above for positive reaction .  Just my 2 cts .   RL16EGG      ( Date: 23-Feb-2024 12:13) Posted: I  hope ocbc dun miss the eps 0.39 too much and hold dividend at 40c (total 80c fy23). Else, better stand by -60c at least lol.
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Echoes Senior	23-Feb-2024 12:58        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think if OCBC give 40cts ( ie same as interim ) investors will also dump it like UOB . Need to give 42 for neutral reaction and 45 above for positive reaction .  Just my 2 cts .   RL16EGG      ( Date: 23-Feb-2024 12:13) Posted: I  hope ocbc dun miss the eps 0.39 too much and hold dividend at 40c (total 80c fy23). Else, better stand by -60c at least lol.
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RL16EGG Veteran	23-Feb-2024 12:13        RL16EGG About Contact  Quote this Post!
x 0   x 0  Alert Admin	I  hope ocbc dun miss the eps 0.39 too much and hold dividend at 40c (total 80c fy23). Else, better stand by -60c at least lol.
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chubbybastard Member	23-Feb-2024 11:29        chubbybastard About Contact  Quote this Post!
x 0   x 0  Alert Admin	The only way around this is shareholders band together, go to their AGM and ask why no special dividend despite record revenue and profitability. Keep asking every AGM until Wee. I think Ee Cheong may be more open to this compared to his father Cho Yaw. Echoes      ( Date: 23-Feb-2024 10:07) Posted: Both DBS and OCBC made a payout ratio of well over 50% . DBS paid out almost 60% ( !! ) this year and OCBC paid 53% last year . We will know how much OCBC will payout this year . I think investors are not happy with the payout ratio . Like it or not , investors are not really interested in retained earnings and having a nice book value , they care more for what is being dished out for them . Todays Genting share price performance is another classic example . Like it or not , investors will compare the 3 banks .  They felt that DBS , being majority owned by Temasek , is more willing to dish out good dividens as it is Ah Kong' s money . Declare more , I also get more . As for OCBC , the sentiment is that even though Lee family is the substantial shareholder , at least they got a FT aka Aunty Helen running the show as " check and balance" . Her decision to mandate a 50% minimum payout was very well received by the shareholders . UOB , with the current CEO at helm , will be perceived as family controlled . Plus I think his interview yesterday on the topic of family sucession will stigmatise the issue further . I think 2024 will see UOB with the best P/BV and PE but in reality that is not what the investors want .
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Echoes Senior	23-Feb-2024 10:07        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Both DBS and OCBC made a payout ratio of well over 50% . DBS paid out almost 60% ( !! ) this year and OCBC paid 53% last year . We will know how much OCBC will payout this year . I think investors are not happy with the payout ratio . Like it or not , investors are not really interested in retained earnings and having a nice book value , they care more for what is being dished out for them . Todays Genting share price performance is another classic example . Like it or not , investors will compare the 3 banks .  They felt that DBS , being majority owned by Temasek , is more willing to dish out good dividens as it is Ah Kong' s money . Declare more , I also get more . As for OCBC , the sentiment is that even though Lee family is the substantial shareholder , at least they got a FT aka Aunty Helen running the show as " check and balance" . Her decision to mandate a 50% minimum payout was very well received by the shareholders . UOB , with the current CEO at helm , will be perceived as family controlled . Plus I think his interview yesterday on the topic of family sucession will stigmatise the issue further . I think 2024 will see UOB with the best P/BV and PE but in reality that is not what the investors want .
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FATABA Supreme	23-Feb-2024 09:37        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	UOB result was ok BUT below expectation .....even the 85c was higher than last year ( which was set HIGH after DBS result ) but below expectation  of a bonus dvidend.  More so from now ...is the management of Wee family after the older Wee.  UOB conservative mode of business dont seem to blend into today fast moving  new world .  Visa card Asia division was it major purchase after a long long time since under the younger Wee.    And more so , this family tradition may not be what we can see from FT in DBS and OCBC .( see the growth plan for southern China $3B plan )  Unless UOB do a majer change to its management and really moves out of its comfort zone ....growth will continue slow and lack DBS n OCBC .  Or unless it is taken over ( or some change in the board. ) Time will tell ,  Happy investing.
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